- AUSTRALIA EXPECTED TO BENEFIT FROM RECENT CHINA COAL QUALITY POLICIES - INDIA COAL IMPORTS RISING FASTER THAN EXPECTED - PEABODY SIGNING SOUTHERN POWDER RIVER BASIN COAL SUPPLY AGREEMENTS AT LEVELS MATERIALLY ABOVE PUBLISHED INDICES
-- Now expects Adjusted EBITDA range to be above prior targeted range -- Reflects continued strength in Peabody's operating performance -- Expected Adjusted Diluted EPS modified to also reflect repeal of Minerals Resource Rent Tax in Australia
- Third quarter revenues of $1.72 billion lead to Adjusted EBITDA of $216 million - Diluted Loss Per Share from Continuing Operations of $(0.58) with Adjusted Diluted EPS of $(0.59)
- Australian costs per ton lowest since early 2011; Lowering 2014 Australian cost target to approximately $70 per ton - Quarterly operating cash flows rise to $169.8 million; Reducing 2014 capital spending targets to $200 to $220 million ST.
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